Plegma Labs

What Plegma Labs does

Plegma Labs S.A. is a Greek deep-tech enterprise IoT solutions provider founded in 2013 and headquartered in Kifisia, Athens. The company develops systems for Energy Management, Smart Cities, and Environmental Monitoring, targeting enterprise and municipal buyers that need to convert large volumes of sensor data into actionable intelligence. Its core offering is the cloud.gr Platform, a modular IoT stack that handles data acquisition across multiple protocols (Modbus, M-bus, Z-Wave, MQTT), provides interactive dashboards, real-time SMS/email/push alerts, a rule-based automation engine, and AI-powered predictive maintenance. Solution modules sit on top of cloud.gr and include Visual Intelligence (edge-deployed computer vision with Vision Language Models), Energy & NILM (non-intrusive load monitoring with deep-learning forecasting and reinforcement-learning demand response), Smart Buildings & Automation (retrofit-ready BMS integration), Forest & Area Surveillance (AI-enabled drones for fire and wildlife monitoring), Environmental Sensing (LoRaWAN and wired networks), Smart Home (appliance-level monitoring and actuation deployed within the Athenian Energy Community, with a Nature-published dataset), and Smart Cities (municipal dashboards). The technology stack integrates LLMs, VLMs, RNN/Transformer forecasting, and PPO-based reinforcement learning at the edge to deliver analytics that classical IoT platforms do not natively provide.

The company operates a sales-led B2B go-to-market with contact-based, custom enterprise pricing and annual billing cadence; no public price points are disclosed. Revenue mechanics combine subscription and licensing of the cloud.gr platform with custom IoT deployment and AI integration professional services. End customers include enterprise energy managers, municipalities, industrial facilities, and residential energy community members. Channel strategy is direct enterprise sales supplemented by an emerging self-service motion via about.cloud.gr, with partner-amplified reach through academic institutions (NTUA, AUEB, Strathclyde), corporate integrators (ProSyst/Bosch, Dexma, Wattics, Satec), and strategic industrial partners (Hellenic Petroleum, Grivalia).

Plegma Labs is privately held with 1-10 employees, has raised approximately $1.26M across disclosed rounds in 2014 and 2020, and complements commercial activity with deep engagement in 29+ EU-funded research projects spanning Horizon Europe, H2020, and specialized Open Calls (COSMIC, O-CEI, AID4SME, WASABI, dAIEDGE, TALOS, FIDAL, ICOS, aerOS, SUSTAIN, i-nergy, PLATOON, TrialsNet, Marie Curie ITN, and others). The team is led by CEO Nikos Ipiotis (background spanning Velti's Nasdaq journey, me.gr, Warply, CCS Digital Education), Head of Platforms and board member Athena Katsaris, Head of Product Michail Savvakis, Head of Operations Stelios Kalogridis, and Head of Research Dr. Spiros Chadoulos, supported by PhD-level AI and computer vision engineers. Dimitris Vranopoulos serves as Lead Investor with senior finance background from Goldman Sachs and Citigroup.

Name

Plegma Labs

Legal name

Plegma Labs S.A.

Website

https://pleg.ma

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Plegma Labs is a Greek deep-tech enterprise IoT solutions provider integrating LLMs, VLMs, and edge computing into its cloud.gr platform for energy management, smart cities, and environmental monitoring customers.

Ownership category

akta.pro rank

Product category

Enterprise IoT & AI Platform

NAICS

Computer Systems Design Services (541512), Computer Systems Design and Related Services (5415), Custom Computer Programming Services (541511)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

iBPMS (Intelligent BPM Suites) & Process Automation Suites (HDAEAHAG)

akta.pro secondary industries

End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management) (HDAEANAA), Environmental Data Management Platforms (EHS/EMS, LIMS, ELN, Compliance Data Hubs) (EUAHAKAA)

Keywords

• Enterprise IoT platform
• AI energy management
• Smart building automation
• Edge AI solutions
• Non-intrusive load monitoring

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. IoT Platform Licensing & Subscription: Cloud.gr platform offered as a modular IoT solution for smart buildings, homes, cities, and industry with subscription-based access to dashboards, analytics, and device management capabilities.
2. Custom IoT Deployment & Integration Services: Custom IoT deployments and AI integration services for complete smart infrastructure solutions targeting enterprise and municipal customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Plegma Labs develops and sells the cloud.gr modular IoT platform and a suite of AI-powered vertical solutions for energy management, smart buildings, smart cities, smart homes, environmental monitoring, and area surveillance. The platform integrates Large Language Models (LLMs), Vision Language Models (VLMs), and Edge Computing to turn raw sensor data into actionable intelligence, including non-intrusive load monitoring (NILM), predictive maintenance, computer-vision-driven inspection, and reinforcement learning-based energy optimization.

Product overview

Plegma Labs is a deep-tech company offering an enterprise IoT and AI platform ecosystem centered on the cloud.gr Platform, which serves as the central hub unifying data access, visualization, and analytics across multiple solution verticals. The portfolio includes Visual Intelligence (edge computer vision with VLMs), Energy & NILM (non-intrusive load monitoring and forecasting), Smart Buildings & Automation (BMS integration and HVAC optimization), Forest & Area Surveillance (AI-enabled drone analytics), Environmental Sensing (LoRaWAN and wired sensor networks), Smart Home (residential energy monitoring and control), and Smart Cities (municipal dashboards). The platform leverages LLMs and Vision Language Models to transform raw sensor data into actionable intelligence, with solutions spanning Energy Management, Smart Cities, and Environmental Monitoring.

Differentiator

Problem solved

Functional benefit

Brands

• cloud.gr Platform: Flagship modular IoT platform that unifies access, visualizes real-time data, and provides advanced reporting for Smart Buildings, Smart Homes, Smart Cities, and Industry 4.0. Features data acquisition via Modbus, M-bus, Z-Wave, MQTT; interactive dashboards; real-time alerts; rule engine; advanced analytics with AI-powered predictive maintenance; and remote IoT infrastructure management.

Products and services

• cloud.gr Platform Flagship modular IoT platform that unifies data acquisition (Modbus, M-bus, Z-Wave, MQTT), real-time visualization via customizable dashboards, SMS/email/push alerts, a rule engine for conditional workflows, AI-powered predictive maintenance and anomaly detection, and remote IoT infrastructure monitoring for Smart Buildings, Smart Homes, Smart Cities, and Industry 4.0 customers.

Quantifiable outcome

• Processing over 971 million data points through the cloud.gr platform
• +2 more outcomes

Named customers1 record

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability13 records

Feature4 records

Partnerships

28 partnerships are on record, tiered core and minor.

• National Technical University of Athens (NTUA)coreTechnology or IntegrationAcademic partner contributing to research and development activities. NTUA's Engineering faculty provides technical expertise in electrical and computer engineering for IoT and energy projects.
• Athens University of Economics and Business (AUEB)coreTechnology or IntegrationAcademic partner providing computer science and business expertise. Several team members have degrees from AUEB.
• ProSyst (Bosch)coreTechnology or IntegrationTechnology integration partner providing Building Management System (BMS) expertise and interoperability with major industrial protocols.
• Hellenic PetroleumcoreStrategic or Co-development PartnerMajor energy sector partner for energy management and optimization solutions in the petroleum industry.
• DexmacoreChannel Partner/ Reseller/ DistributorEnergy management technology partner offering energy monitoring and analytics solutions. Active collaborator in energy efficiency projects.
• GrivaliaminorStrategic or Co-development PartnerStrategic partner for real estate and property management sector applications.
• CCS Digital EducationminorStrategic or Co-development PartnerDigital education partner with cross-investment through CEO Nikos Ipiotis as Investor/Director.
• mi-ClusterminorStrategic or Co-development PartnerMobile innovation cluster partner for technology ecosystem collaboration.
• EU Horizon ProgramscoreStrategic or Co-development PartnerParticipates in multiple EU-funded research programs including Horizon Europe, H2020, COSMIC, O-CEI, AID4SME, WASABI, dAIEDGE, and others. Has participated in 29+ EU research projects.
• COSMIC Project ConsortiumcoreStrategic or Co-development PartnerRADIATE project funded under COSMIC Open Call for AI energy optimization in industrial communities.
• O-CEI Project ConsortiumcoreStrategic or Co-development PartnerELEXIR project funded under O-CEI Open Call for Edge AI in residential flexibility.
• AID4SME Project ConsortiumcoreStrategic or Co-development PartnerAIMS project funded under AID4SME for microgrid sizing and energy control.
• WASABI Project ConsortiumcoreStrategic or Co-development PartnerELECTRA project funded under WASABI for AI-powered food manufacturing optimization.
• dAIEDGE Project ConsortiumcoreStrategic or Co-development PartnerCANDLE project funded under dAIEDGE for privacy-preserving weapon detection.
• TALOS Project ConsortiumcoreStrategic or Co-development PartnerATHINA project for autonomous PV plant biodiversity monitoring.
• FIDAL Project ConsortiumcoreStrategic or Co-development PartnerWOLF project for wildfire detection using 5G-enabled UAVs.
• ICOS Project ConsortiumcoreStrategic or Co-development PartnerfantastICOS project for smart home energy management via edge-cloud continuum.
• aerOS Project ConsortiumcoreStrategic or Co-development PartnersafeOS project for AI-powered construction safety monitoring.
• SUSTAIN EuroclustercoreStrategic or Co-development PartnerSRAI-BEMS project for AI-enabled Building Energy Management System with Smart Readiness Indicator.
• i4Trust Project ConsortiumcoreStrategic or Co-development PartnerDARE project for data spaces in smart buildings.
• i-nergy Project ConsortiumcoreStrategic or Co-development PartnerEMERGENT project for user-driven energy management systems.
• GECKO ITN ConsortiumcoreStrategic or Co-development PartnerMarie Curie Innovative Training Network for AI and sustainability research.
• CloudiFacturing Project ConsortiumminorStrategic or Co-development PartnerCLARION project for predictive maintenance in food processing.
• PLATOON Project ConsortiumcoreStrategic or Co-development Partnere-PIOTIS project for building and district-level energy optimization.
• Kyklos 4.0 Project ConsortiumminorStrategic or Co-development PartnerPUMP project for predictive maintenance in industrial settings.
• Smart4All Project ConsortiumminorStrategic or Co-development PartnerREMOCLEC project for remote IoT laboratory.
• NGI DAPSI Project ConsortiumminorStrategic or Co-development PartnerSelectShare project for privacy-preserving IoT data sharing.
• TrialsNet Project ConsortiumcoreStrategic or Co-development PartnerMILESTONE project for AI-enabled worker safety preservation.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Samsara: Enterprise IoT platform unifying sensors, edge, and cloud analytics for operations, asset, and energy monitoring. Comparable business model and platform approach, though at significantly greater scale and primarily focused on fleets and industrial operations.
• Losant: Enterprise IoT platform for device management, real-time data pipelines, dashboards, and workflow automation. Comparable architecture to cloud.gr in protocol ingestion, rule/automation engine, and analytics for industrial and smart-building customers.
• Ubidots: Low-code IoT platform for sensor data ingestion, dashboards, alerts, and automation. Closely mirrors cloud.gr's protocol-agnostic data acquisition, visualization, and rule-based automation for industrial and smart-city deployments.
• Dexma: Spain-based cloud energy management platform for buildings and facilities. Dexma directly overlaps with cloud.gr's energy monitoring, analytics, and BMS integration, and is named as an active Plegma partner, making it the closest comparable in product, customer, and geography.
• Bidgely: US-based energy disaggregation (NILM) and analytics provider for utilities and energy retailers. Directly comparable on Plegma's Energy & NILM module, appliance-level load disaggregation, and AI-driven customer engagement for energy flexibility.
• Wattics: Energy analytics SaaS for building and facility energy management, also named as a Plegma partner. Comparable in target customers (mid-market and enterprise buildings), use cases (consumption analytics, alerts, benchmarking), and subscription GTM.
• Particle: IoT platform combining hardware modules, cellular connectivity, and a cloud device management/automation stack. Comparable to cloud.gr's device-management, rule engine, and edge-to-cloud architecture, serving enterprise IoT use cases.

Broad incumbents

• Honeywell Forge: Enterprise IoT and building management suite covering energy, sustainability, and operations. Overlaps with cloud.gr's smart buildings, HVAC optimization, and energy analytics modules, but as one offering within Honeywell's much larger industrial and aerospace portfolio.
• Schneider Electric (EcoStruxure): Global incumbent in energy management and automation with its EcoStruxure IoT platform spanning buildings, grid, and industrial assets. Competes with Plegma across smart buildings, energy optimization, and BMS integration, but at vastly greater scale and as part of a much broader portfolio.
• Siemens (MindSphere / Building Technologies): Industrial IoT (MindSphere) and building automation/energy management portfolio targeting the same enterprise and municipal buyers Plegma serves. Comparable on platform-based energy and building use cases, with significantly greater resources and installed base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/PlegmaLabs
• Facebookfacebook.com/634368869954660

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Plegma Labs